Why Apple Won’t Acquire Peloton
Peloton’s subpar technology and inability to follow consumers wherever they go make the connected fitness leader an unattractive acquisition candidate for Apple, according to Needham analyst Laura Martin.
The Fitness Stock No One is Talking About
Peloton is getting all the attention as the superstar of Connected Fitness, but the future of exercise is not a winner takes all business. It's time to start taking notice of Bowflex owner Nautilus, which is participating significantly in the workout-from-home trend and is transitioning to digital fitness.
Peloton PT Raised to $72 a share by Stifel
Peloton has changed the fitness industry forever, and demand for the connected fitness bike will remain elevated over the next several quarters, according to Stifel analyst Scott Devitt. The firm raised its price target to $72 a share from $62.
Is Mirror the Next Peloton? Not so Fast
Lululemon thinks it found the next Peloton, expanding into fitness technology with its $500 million acquisition of Mirror, an at-home fitness subscription company.
Peloton FOMO Pushes Stock to New High
Raymond James has a case of FOMO. The firm is jumping back into its coverage of Peloton with a price target of $65 and an OVERWEIGHT rating.
Peloton is Not a Fad, Holiday-like Demand to Continue for Several Quarters: Analyst
Peloton is capitalizing on the confluence of shifting consumer behavior, gym closures, and social distancing, and could see holiday-like demand for several quarters, according to Stifel analyst Scott Devitt. The firm raised its price target for Peloton shares to $62 (from $55) and reiterated its BUY rating late Sunday night.
What the Reopening of Gyms Means for Peloton, Planet Fitness
Gyms across the country are beginning to reopen as states start to give Americans the green light to leave their homes. One question investors are asking is whether Peloton can sustain its growth while stay-at-home orders loosen up.